Chinese Stock Futures Plunge By Daily Limit In 60 Seconds
Posted: Mon May 30, 2016 7:45 am
Chinese stock-index futures fell by the daily limit earlier today before snapping back in less than one minute. Although Shanghai (SSEC) is now up by over 3 percent, this is the second sudden swing to rattle traders in a month.
The China Financial Futures Exchange is reported to be investigating the tumble.
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Sudden Drop
Contracts on the CSI 300 Index fell as much as 10 percent, recovering almost all of the losses in the same minute. Finance Magnates has learned ... (read more)